The global pressure sensor market is projected to reach $19.4 billion by 2027, at a CAGR of 9.3% during 2021-2027. The growth of pressure sensor market is driven by stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the pressure sensor market by technology
(piezoresistive, electromagnetic, resonant solid state capacitive, optical, and
others), by end use industry (automotive, industrial, healthcare, electronics,
and others), and by region (North America, Europe, Asia Pacific, and the Rest
of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the pressure sensor market?
Q.4 What are some
changing demands of customers in the pressure sensor market?
Q.5 What are the new
developments in the pressure sensor market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this pressure sensor area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this pressure sensor market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increase in the
use of high-performance sensors for better safety and miniaturization of the
sensors for better compact size and less weight.
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clicking on https://www.lucintel.com/pressure-sensor-market.aspx.
Market Segmentation:
Based on end use
industry, the pressure sensor market is segmented into automotive, industrial,
healthcare, electronics, and others. The electronics segment accounted for the
largest share of the market in 2021 and is expected to register the highest
CAGR during the forecast period, due to growth in smartphones, tablets,
household appliances, and wearable devices.
Asia Pacific will remain
the largest region and it is also expected to witness highest growth over the
forecast period.
Key Players in the
pressure sensor market are ABB Ltd., Emerson Electric Co., Denso Corporation,
Robert Bosch GmbH, Delphy Automotive PLC, Infineon Technologies AG,
Semiconductors N.V., Stmicroelectronics, General Electric, Omron Corporation,
and Honeywell International Inc.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/pressure-sensor-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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